Restaurant/cafe for sale in Rugeley, England, United Kingdom WS15

£674,995
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Restaurant/cafe for sale

Property description

Ref 3950 – Italian Restaurant in RugeleyBlacks Brokers is delighted to offer for sale this exceptionally well-presented restaurant, which has been in the careful ownership of our client for many years.

INTRODUCTIONLa Terrazza Ristorante Italiano was established by our client in the historic area of Rugeley in 1997. La Terrazza Ristorante Italiano is a traditional Italian restaurant with excellent reputation and online reviews. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. La Terrazza Ristorante Italiano has a comprehensive website in place and a strong social media following.

LOCATIONLa Terrazza Ristorante Italiano occupies a main road trading position. The area is densely populated commercially with neighbouring businesses including independent retailers and large multiples within the town. There are also a number of supermarkets, schools and other amenities nearby. The area is well linked by the A460 and A51 with very strong public transport links and parking is available in the surrounding area.

Reason for SALEThe business is ideally suited to a hands-on owner-operator but due to our client’s desire for a well-earned lifestyle change, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASEThe building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. We are advised that a new lease can be made available for a new owner with terms to be agreed.

STAFFThe business operates with our client and the assistance of staff in employment.

Financial details La Terrazza Ristorante Italiano has traded solidly since opening and our client has established a strong repeat customer base. Accounts available from 01/01/21 - 31/03/22 Turnover £381,232 Gross profit £100,186 . Full financial information is available upon request.

SUMMARYThis well established business occupies an enviable trading position in a historic but new and upcoming area of Rugeley. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of longer opening hours – possibly a lunchtime service which is in high demand locally. A new owner may also look to open other branches and introduce a stronger marketing campaign. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Business & Property: £674,995.

Please quote ref: 3950

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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